Altimmune Stock Is Rising Monday: What's Driving The Action?

Altimmune Inc ALT shares are trading higher Monday after the company announced data from the 48-week Phase 2 MOMENTUM clinical trial of pemvidutide.

What Happened: Altimmune said it presented data from the 48-week Phase 2 MOMENTUM clinical trial of pemvidutide, including the results of a recently completed body composition analysis at the American Diabetes Association’s 84th Scientific Sessions.

Pemvidutide is the clinical-stage biopharmaceutical company’s GLP-1/glucagon dual receptor agonist candidate.

The trial enrolled 391 subjects with obesity, or overweight with at least one co-morbidity and without diabetes. At week 48, subjects receiving pemvidutide achieved mean weight losses of 10.3%, 11.2%, 15.6% and 2.2% at the 1.2 mg, 1.8 mg, and 2.4 mg doses and placebo, respectively, 

“We’re pleased with the data presented at ADA that highlight the impressive lean mass preservation achieved with pemvidutide, with only 21.9% of weight loss attributable to lean mass,” said Vipin Garg, president and CEO of Altimmune.

“The preservation of lean mass observed in this trial was better than reported historically with diet and exercise programs and greater than what has been publicly reported with other incretin weight loss drugs, where lean mass has accounted for as much as 40% of total weight loss.”

The full MRI-based body composition analysis included 50 subjects who received pemvidutide and showed that subjects in the pemvidutide groups had an average lean mass loss of 21.9% with 78.1% of weight loss attributable to fat.

See Also: McDonald’s, Alphabet And 2 Other Stocks Insiders Are Selling

How To Buy ALT Stock

Besides going to a brokerage platform to purchase a share – or fractional share – of stock, you can also gain access to shares either by buying an exchange traded fund (ETF) that holds the stock itself, or by allocating yourself to a strategy in your 401(k) that would seek to acquire shares in a mutual fund or other instrument.

For example, in Altimmune's case, it is in the Health Care sector. An ETF will likely hold shares in many liquid and large companies that help track that sector, allowing an investor to gain exposure to the trends within that segment.

ALT Price Action: Altimmune shares were up 13.3% at $7.26 at the time of publication, according to Benzinga Pro.

Photo: 3844328 from Pixabay.